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Title: Levels of financial responsibility for liquefied-natural-gas and liquefied-petroleum-gas facilities

Technical Report ·
OSTI ID:5920147

Pursuant to Section 7(a) of the Pipeline Safety Act of 1979, a study was conducted of the risks associated with liquefied natural gas (LNG) and liquefied petroleum gas (LPG) facilities, and of methods of assuring adequate levels of financial responsibility for those who own and/or operate facilities. The main purpose of the study is to provide a basis for determining general levels of financial responsibility for LNG and LPG facilities, as measured by the risk they represent to the public. It must be emphasized that the quantification of risk is a complicated subject. As used in this study, risk is defined as the occurrence of a maximum credible accident and the consequences that would result from such an accident. Part I of the study describes in detail the methodology used in the report to estimate the magnitude of the financial responsibility requirements associated with nine major facility types - e.g., tankships, pipelines, barges, rail tank car, tank truck, etc. - used to store and transport LNG and LPG under 48 separate operational and storage containment modes. Parts II and III of the study, in addition to providing estimates of the risks and corresponding levels of financial responsibility, contain information on the historical safety record and structure of the LNG facilities and LPG facilities.

Research Organization:
Department of Transportation, Washington, DC (USA). Research and Special Programs Administration
OSTI ID:
5920147
Report Number(s):
NP-2901032; ON: DE82901032
Country of Publication:
United States
Language:
English